Cost of Living in Lexington, VA
| Cost of Living in Lexington, VA | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 29% lower | 27% lower |
| Utilities (Monthly) | 1% lower | 2% higher |
| Food | 3% lower | 4% lower |
| Healthcare | 2% lower | 1% lower |
| Transportation | 1% higher | 7% lower |
| Goods & Services | 10% lower | 10% lower |
The cost of living in Lexington, VA is 12% lower than the state average and 12% lower than the national average. Lexington, VA housing is 27% cheaper than the U.S average, while utilities are about 2% pricier. When it comes to basic necessities such as food and clothing, groceries are around 10% less in Lexington, VA than in the rest of the country, while clothing costs around 10% less .
Healthcare services such as doctor check-ups and dentistry cost 1% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 10% cheaper in Lexington, VA.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Lexington is $1,056, while home prices circle around $374,943.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lexington, energy bills cost around $216.22 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $6.97 in Lexington, a dozen eggs go for around $3.98 and a pound of potatoes circles around $5.47.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Lexington, an optometry check-up costs around $126.09, while a dentist appointment is priced $118.90 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.04 in Lexington, while getting your tires balanced will run you about $46.70.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $46.12 here. Meanwhile, a pair of women's slacks will set you back around $25.54.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Lexington, you should budget around $8.82 a month. When it comes to personal services, a haircut usually goes for $25.47, while dry cleaning costs about $14.20.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Lexington, the median household income is $66,114.